Mumbai: The benchmark BSE Sensex recovered by over 148 points Friday to close at a one-month high of 27,957.50 on across-the-board buying by participants amid renewed hopes of a rate cut and better-than-estimated corporate earnings.
Besides, a higher closing in other Asian markets and a better opening in European markets influenced the trading sentiment, brokers said. The 30-share BSE index Sensex ended higher by 148.15 points or 0.53 per cent to 27,957.50 after earlier rising to as much as 28,071.16, its highest since April 23. The benchmark index was up 2.4 per cent for the week, marking a third consecutive weekly gain and its best performance since the week ended April 3. Profit-booking in banking counters pulled the benchmark below the 28,000-mark.Similarly, the NSE index closed the session up by 37.95 points or 0.45 per cent to 8,458.95 after earlier rising to as much as 8,489.55.